Smyer, Texas Property Taxes
The median property tax rate in Smyer, TX is 2.15%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Smyer at $59,375, the typical annual property tax bill reaches $1,190, exceeding the national median of $2,690. Property taxes in Smyer are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Smyer's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Smyer or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Smyer, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s SMYER Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SMYER with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SMYER to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Smyer, Texas
Property taxes in Smyer, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Smyer is 2.15%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Smyer set these rates annually, and they can vary significantly across different neighborhoods. Each year, Smyer estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Smyer's effective property tax rate to other counties in Texas and the national median. For comparison, the 79367 zip code has the highest median property tax rate of 2.15%, while the 79367 zip code has the lowest median tax rate of 2.15%. Understanding how these cities compare with Smyer provides valuable insights into the varying tax landscape across Hockley County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Smyer Tax Rate
2.15%
Average Hockley County Tax Rate
2.18%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Smyer, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79367 | 1.27% | 1.53% | 2.15% | 2.27% | 2.27% |
Source: Ownwell
Property Tax Assessment Values Across Smyer, Texas
In Smyer, Texas, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Hockley County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Smyer, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For instance, the median home price in Smyer is $59,375, with annual tax bills ranging from $528 at the 25th percentile to $2,881 at the 90th percentile. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Smyer helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Smyer Assessed Value
$59,375
Average Hockley County Assessed Value
$75,980
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Smyer, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79367 | $8,701 | $29,268 | $59,375 | $102,915 | $141,166 |
Source: Ownwell
Property Tax Bills Across Smyer, Texas
In Smyer, located in Hockley County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Smyer is $59,375. To determine a homeowner's tax bill, the assessed value is multiplied by the local tax rate. For example, with the national median property tax rate at 0.99%, a median-priced home in Smyer would result in a tax bill around $587 annually, although actual rates may vary. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. Homeowners in Smyer experience a range of tax bills, with the 25th percentile at $528 and the 75th percentile at $2,063. The tax bill at the 90th percentile reaches up to $2,881. Understanding these factors helps homeowners anticipate their annual property tax expenses and plan their finances accordingly. This system ensures that property taxes are proportionate to the value and characteristics of each property, providing essential funding for local services and infrastructure.
Average Smyer Tax Bill
$1,190
Average Hockley County Tax Bill
$1,490
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Smyer, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79367 | $170 | $528 | $1,190 | $2,063 | $2,881 |
Source: Ownwell
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 15 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Hockley Appraisal District | |
| Website | propaccess.trueautomation.com |